Donate

Calculating Credit Card Debt, An Animated Video

| February 10, 2014 | 0 Comments
  • Share:
  • Facebook
  • Pinterest
  • Reddit
  • Email

Photo by: outsidethebeltway.com

From small transactions at the grocery store to larger priced items at the mall, consumers swipe their credit cards to pay for items on a daily basis. But how do credit cards actually work? In 2013, an average U.S household owed more than $15,000 in credit card debt. While credit card debt is less than student loan or mortgage debt, consumers still struggle to pay it. In an animated video, produced by Josh Kurtz, KQED’s The Lowdown explains the math behind credit cards debt every consumer should know.

The Math of Credit Card Debt, ExplainedThe Math of Credit Card Debt, Explained Includes animated video Beware the lure of that plastic in your wallet! According to the Federal Reserve data, the average indebted U.S. household in 2013 shouldered credit card debt of more than $15,000 (although that figure is skewed by a relatively small number of extremely debt-ridden families).

Embedly Powered

via Kqed

Explore: , , ,

Category: What's New in News & Civics!

  • Share:
  • Facebook
  • Pinterest
  • Reddit
  • Email

About the Author ()

Laura Robledo studied English at UC Berkeley. When she is not reading, looking up new music, or running half marathons, she loves to explore the beautiful city of San Francisco.